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Monday, January 22, 2018

Watch the Budget Vote At Noon Today - Extension Will Fuel A Rally


One Option Trading Blog http://ift.tt/2F2FXtK Posted 9:30 AM ET - The market is not currently concerned with the government shutdown. If it continues for more than a few days investors will take notice. Republicans are trying to extend it one month and Democrats are flexing their muscles. We could see one of two patterns unfold. The first pattern is choppy trading where recent gains consolidate near the all-time high. Buyers will be a little more passive and they won’t be able to overpower profit takers in this scenario. Once the "can" is kicked down the road the market will jump. The second pattern is a continued …

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